Cardano and Monero (XMR) in Tussle for Crypto Ranking, Who Will End up Ahead?
Cardano currently ranks as the 13th largest cryptocurrency with a market cap of $8.53 billion, while Monero is 14th with $6 billion and is attempting to overtake Cardano but faces a significant gap. Cardano recently integrated with the Dune network, showing active usage and staking metrics, but the broader crypto market is experiencing a downturn with $386 million in liquidations over 24 hours. Despite market challenges, Cardano maintains a strong position, though its climb back into the top 10 remains uncertain.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Cardano currently ranks as the 13th largest cryptocurrency by market capitalization. Next to it is Monero (XMR), which ranks as the 14th largest cryptocurrency. Cardano slipped from the top 10 cryptocurrencies by market capitalization in the past month and has struggled to reclaim this spot but this wasn't so as it fell further. Now the 13th largest cryptocurrency by market capitalization, Cardano has contenders for its current market spot. Monero is currently advancing to reach the 13th spot, but it still has $2.5 billion to go to achieve this milestone. Cardano's market capitalization is currently $8.53 billion, while Monero's is currently $6 billion. This implies that the chances of Monero overtaking Cardano remain quite slim, except the latter sees a surge that pushes its market capitalization past $9 billion. In recent news, Cardano has now been integrated on the Dune network. In a tweet, Dune provides a recent snapshot of the Cardano network. $135 million in total value is currently locked across 33 protocols; nearly 22,000 daily transactions, 38% involving smart contracts; $47.7 million in stablecoin supply (USDC at $17.4 million); 21.7 billion ADA staked (which represents about 59% of circulating supply); Nakamoto Coefficient of 168 and 1.35 million active delegators. The broader crypto market is currently trading in red, with total liquidations reaching $386 million over the last 24 hours. Cryptocurrencies fell across the board as investors...
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